Sops for middle class, poor and farmers on cards.
Whether or not such an overhaul will be carried out depends on the government's comfort level.
Such a move will help bring clarity to the Centre's estimates of the demonetised amount
Downloading songs, movies, books? You may have to pay tax on it.
Exemption limits, standard deduction on radar.
Increase of 10% to 12% likely in a bid to improve citizens' mood after demonetisation.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
IDS-2 and raids to uncover black money stash keep receipts flowing
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
'Investigation directorates have intensified actions in detecting serious irregularities.' 'They are seriously handicapped because of non-availability of manpower.'
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
Consensus seems a problem before the current session of Parliament ends.
It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.
Measures may include tax slab and rate revisions for individuals, companies.
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
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